Come join AvMar for the 11th Annual AWL Grip Captain’s Golf Invitational, Friday, October 23rd at the Boca Golf & Country Club. 17751 Boca Club Blvd., Boca Raton, FL 33487.
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By Tom Andrews, CPA Tax treaties can make the difference between a nonresident crewmember paying tax while working in the United States and not having to pay tax. The United
By Tom Andrews, CPA Many contractors in the yachting industry are conducting business through an S Corporation, while there are many reasons for using an S Corporation the purpose of
By Tom Andrews, CPA When preparing tax returns for clients in the yachting industry I often run into situations where there is an American married to a Non-Resident alien. This
by Tom Andrews, CPA The S Corporation is a popular tax planning tool utilized by many captains and crewmembers in the yachting industry. The purpose of this column is not
By Tom Andrews, CPA Every year I meet with clients who say to me “I heard if I am living outside the United States for 183 days I am not
By Tom Andrews, CPA As the real estate market continues to rebound and interest rates remain historically low yachting professionals are continuing to invest in real estate. Since traveling is
by Tom Andrews, CPA As discussed in previous columns foreign flagged vessels are required to withhold federal income taxes from nonresident crewmembers while those vessels are cruising in US territorial
By Tom Andrews, CPA Now that Christmas is over the topic of foreign and nonresident gifts become a frequently discussed topic. Many yacht crewmembers have friends, family, spouses etc. who
by Tom Andrews, CPA The term “yacht management” has been used to describe a vast number of services in the industry, the large management companies tend to manage every aspect